Samsung to invest $4 billion on its Austin chip plant, the main beneficiary of this could be Apple

Samsung have announced that they are set to invest around $4 billion overhauling its chip manufacturing plant in Austin, Texas. The South Korean company has plans to renovate the plant's current production line in order to boost system chip production.

The $4 billion investment follows news of a new chip plant back home for Samsung, where they'll spend $1.98 billion in South Korea building a new plant. But, the news brings a surprise, as the Texas-based plant is where most of the A-series chips that are baked into Apple's iPhone's and iPad's are produced. This means that the expansion of the plant might benefit Apple, too.

The expansion of the Texas plant should also provide more jobs, but how many would be created is unclear at the moment.